Il Sole 24 Ore warms the dreams of Pignataro (Ion) with Cedacri, Illimity, Mediolanum and Popolare di Bari
Really Ion, the British fund with vehicles in Luxembourg, with Cedacri has “a plan to create the third banking hub” as Il Sole 24 Ore says on the front page today? Facts, rumors, hypotheses, projects and dreams.
Does the British-Irish fund Ion with Cedacri really have “a plan to create the third banking hub” as Il Sole 24 Ore says on the front page today?
The insiders were a bit stunned by the headline of the Confindustria newspaper with the indiscretions on the plan of Andrea Pignataro, number one of the Ion Capital fund that recently
At a time when banking risk continues to hold its own, Andrea Pignataro's project on Cedacri, the IT outsourcing platform that the London-based Italian entrepreneur bought together with Fsi, is relaunching the group's Radiocor agency this morning. Sun.
According to reports from Il Sole 24 Ore , the goal is to create a reality capable of bringing the network of client banks to compete with the big names in the sector (a network that has 2,400 branches or shops, the third largest after those of Intesa and Iccrea group and in front of UniCredit).
According to rumors gathered by the Confindustria newspaper, the project was developed before the 1.5 billion acquisition and was shared with the Supervisory Authority and discussed with the 40-50 banks still customers of Cedacri and partly former shareholders.
The Ion plan, entrusted to the board renewed at the beginning of June, would provide for the complete transfer to the cloud of the Cedacri information systems. The idea would be that Cedacri should transform itself from a pure outsourcer to a company of innovative products and services offered to each individual bank, which would remain in charge of the territory.
"According to what has been reconstructed by Il Sole 24 Ore through various banking and institutional sources, it has already been developed before the 1.5 billion acquisition, in recent months it has been shared with the Supervisory Authority and discussed with 40-50 banks still today customers of Cedacri and partly former shareholders. Apparently destined to become the pivot of the new season of the company with a network of 2,400 branches (from Sparkasse to Mediolanum, from Popolare Bari to Banco Desio or Cr Asti) and of the third Italian banking platform for customers and assets, to shoulders of the owners of Intesa and UniCredit ”, reads Il Sole 24 Ore.
The Ion group is therefore increasingly active in Italy between finance and banks: from Cerved, on which a takeover bid is underway ( opposed by the company's board of directors and many foreign funds ), to Illimity founded by Corrado Passera of which Pignataro has acquired a minority share of 10% after discovering the cloud system built entirely by the Illimity group, writes the Sun : “Will shopping continue? Maybe. In recent weeks, for example, rumors (so far categorically denied) have spread on the market about interest in BFF ”.
ALL THE MOST RECENT INSIGHTS FROM START MAGAZINE ON ION AND PIGNATARO:
Cerved, all about the war between banks-advisors behind the no to Ion-Fsi
Cerved, Cedacri, Illimity. This is where the Ion di Pignataro fund sneaks into
War on Cerved, here are the latest news
Andrea Pignataro, who is the pivot of Ion who will break Cerved and Cedacri
Will the Irish Castor of the English fund Ion catch Cerved?
Here are the accounts and business of Pignataro (Ion), the new owner of Cedacri who focuses on Cerved
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/economia/il-sole-24-ore-scalda-i-sogni-di-pignataro-ion-con-cedacri-illimity-mediolanum-e-popolare-di-bari/ on Tue, 27 Jul 2021 07:50:23 +0000.